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Trade

S China's Shenzhen reports rise in foreign trade with Belt and Road countries in March

April 28, 2020


Abstract : Southern China's tech hub Shenzhen saw its trade with countries along the Belt and Road routes total 52.05 billion yuan in March, an increase of 9.5 percent, according to Shenzhen Customs. 

BEIJING, April 28 (Xinhua) -- Southern China's tech hub Shenzhen saw its trade with countries along the Belt and Road routes total 52.05 billion yuan in March, an increase of 9.5 percent, according to Shenzhen Customs.

In breakdown, the city's imports from these countries totaled 27.75 billion yuan, an increase of 22.3 percent in the month.

Statistics show that the Association of Southeast Asian Nations (ASEAN) played a significant role in driving Shenzhen's trade with the Belt and Road countries in the first quarter and its foreign trade with Shenzhen during the COVID-19 outbreak was very impressive.

Data shows that in the first quarter, Shenzhen's imports and exports with the ASEAN increased by six percent year-on-year. In particular, the trade growth rate in March was 22.1 percent.

It is worth noting that the private enterprises' foreign trade improved rapidly in March, showing strong resilience.

Statistics show that the foreign trade of the Shenzhen-based private enterprises in March with the countries along the Belt and Road increased by 11.8 percent year-on-year, quickly reversing the 10.5 percent decline in the previous two months.

Imported products are still dominated by mechanical and electrical products. In the first quarter, Shenzhen imported 59.24 billion yuan worth of mechanical and electrical products from countries along the Belt and Road, an increase of 15.3 percent, accounting for 86.7 percent of Shenzhen's import value over the same period. In addition, imported agricultural products were 3.89 billion yuan, an increase of 17 percent. (Edited by Hu Pingchao with Xinhua Silk Road, hupingchao@xinhua.org)

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